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Jan 25, 2013
01/13
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draghi -- mario draghi says the central bank's limited bond buying scheme will stay in place until markets subside, but point out the effect of emt is yet to be fully realized. >> are we satisfied for that? >> i think to say the least, the jury is still out. because all in all, we haven't seen an equal momentum on the real side of the economy. >> and the imf manage director christine legarde says central bank stimulus is still needed. >> we have the central banks on the one hand. >> right. >> which have done quite a lot, which have been the fireman in a way. and you have the policymakers on the other hand, particularly in the eurozone who cancer v made some significant progress and need to keep the momentum. >> if there's been momentum anywhere lately, it has been in the u.s. equity market. if you take a look at the s&p 500, we did see a six or seven-day win streak. basically, the longest stretch of gains since 2006, pushing the s&p 500 within just points of the 1500 level on the close. today we're looking to add about another five points at the open. so the mood continues to be bolstered
draghi -- mario draghi says the central bank's limited bond buying scheme will stay in place until markets subside, but point out the effect of emt is yet to be fully realized. >> are we satisfied for that? >> i think to say the least, the jury is still out. because all in all, we haven't seen an equal momentum on the real side of the economy. >> and the imf manage director christine legarde says central bank stimulus is still needed. >> we have the central banks on the...
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Jan 27, 2013
01/13
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CSPAN2
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my friend mario draghi is talking about positive contagion. i certainly hope that he is right. i think one of the things i learned from my friend paul volcker was, and i learned this early in the 1980s during the latin american debt crisis, is that timing is of the utmost importance because the longer you take to fix a situation, the worse it gets. and, again, there's been no sense of urgency or timing in europe up til very recently. the feeling was that the policymakers there, politicians had all the time in the world, and we see what that's brought vis-a-vis the growth or lack thereof in the area. so i think timing really and when you announce timelines, you've got to live up to them. and we till don't have -- we still don't have important timelines that are being lived up to there. i think another one is be we want a program -- if we want a program to succeed in a country, austerity or better called reform program, we've got to make sure that the local populace of a country supports it. and that was, that's been a problem day one in a country like greece. i think it's been s
my friend mario draghi is talking about positive contagion. i certainly hope that he is right. i think one of the things i learned from my friend paul volcker was, and i learned this early in the 1980s during the latin american debt crisis, is that timing is of the utmost importance because the longer you take to fix a situation, the worse it gets. and, again, there's been no sense of urgency or timing in europe up til very recently. the feeling was that the policymakers there, politicians had...
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Jan 28, 2013
01/13
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CSPAN2
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judge of all these people saying mario draghi made that comment in july 26 with the markets have gone. the markets can be right but the markets can be wrong. and i think that not having been able to do the three things i said with a fixed timeline basically system how long as you're going to be stuck here? and so i think that this is a real question. you mentioned india also. andy was a 8.5, 9% growth. brought below 6% we have these major economies where they are. i think you need a good dose of not only fiscal stimulus and monetary stimulus but you've got to back that up with structural reform and i think deregulation. and i think that's really key for the world to get out of this problem that it is in today. because we agree, growth and jobs. if you can't show the path to grow, that's why i use -- because it is a pathway to growth. korea 1998, came into power, a man of the left. .. >> i don't know how many restructurings. and he decided enough is enough as finance minister. and he said we've got to get this debt deal done. we worked on it, got it done. within hours he announced the
judge of all these people saying mario draghi made that comment in july 26 with the markets have gone. the markets can be right but the markets can be wrong. and i think that not having been able to do the three things i said with a fixed timeline basically system how long as you're going to be stuck here? and so i think that this is a real question. you mentioned india also. andy was a 8.5, 9% growth. brought below 6% we have these major economies where they are. i think you need a good dose...
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Jan 2, 2013
01/13
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LINKTV
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mario groggy vowed to underwrite the euro, whatever it takes -- mario draghi. the esm is up and running with the far wall and there is a move toward banking union. yet across europe, forecasters see little sign of an economic fall. nine of the 17 states will fill the chilling effects of recession. even here in germany, prospects for growth look pretty frigid. elsewhere, it will be much worse. unemployment is growing with all the anger and desperation it brings. in italy, they are taking a plunge, too. a wobbly economy further threatened by elections in february and the prospect of an unlikely political comeback. here in the u.k. there are still fondly remembering the specter of the queen's jubilee and they successfully stage olympics. but good economic news is hard to find. >> there is really nothing much on the horizon that makes you feel optimistic. it will be a sort of groundhog year for the u.k. economy, much the same as 2012. >> many saw 2012 as being the year european currency unraveled. in 2013, they will struggle with political and social cuts of auster
mario groggy vowed to underwrite the euro, whatever it takes -- mario draghi. the esm is up and running with the far wall and there is a move toward banking union. yet across europe, forecasters see little sign of an economic fall. nine of the 17 states will fill the chilling effects of recession. even here in germany, prospects for growth look pretty frigid. elsewhere, it will be much worse. unemployment is growing with all the anger and desperation it brings. in italy, they are taking a...
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Jan 10, 2013
01/13
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KCSMMHZ
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. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the euro area is expected to extend into 2013. in particular, necessary balance sheet adjustments in financial sectors and persistent uncertainty will continue to weigh on economic activity. >> the ecb says figures will not reflect an upturn in the eurozone economy until the second half of the year. >> let's move on to the a stock market action. after getting a boost from that ecb optimism, the rally then faded off in frankfurt. our correspondence sent us this summary from the frankfurt stock exchange. >> unanimously, the 23 members of the council of the european central bank decided against lower interest rates
. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the...
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87
Jan 11, 2013
01/13
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LINKTV
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. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the euro area is expected to extend into 2013. in particular, necessary balance sheet adjustments in financial sectors and persistent uncertainty will continue to weigh on economic activity. >> the ecb says figures will not reflect an upturn in the eurozone economy until the second half of the year. >> let's move on to the a stock market action. after getting a boost from that ecb optimism, the rally then faded off in frankfurt. our correspondence sent us this summary from the frankfurt stock exchange. >> unanimously, the 23 members of the council of the european central bank decided against lower interest rates
. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the...
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Jan 10, 2013
01/13
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LINKTV
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. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the euro area is expected to extend into 2013. in particular, necessary balance sheet adjustments in financial sectors and persistent uncertainty will continue to weigh on economic activity. >> the ecb says figures will not reflect an upturn in the eurozone economy until the second half of the year. >> let's move on to the a stock market action. after getting a boost from that ecb optimism, the rally then faded off in frankfurt. our correspondence sent us this summary from the frankfurt stock exchange. >> unanimously, the 23 members of the council of the european central bank decided against lower interest rates
. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the...
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draghi he said the spending cuts are necessary austerity is the way forward and german chancellor angela merkel she agreed with him she reiterated that point and this really comes the same way that we've had process ongoing in greece we've had a backlash in germany as well as spain's unemployment for the youth coming out at sixty percent we also have the prayers from the arab world they came together valiant to improve the future for the people in the region but no clear strategy on on how to do that so you know i can tell you there's been a lot of talking a lot of purging a lot of promise saying with no clear cut policies by have a real fairing that the interesting conversations happened behind closed doors. r.t. doubles. well david cameron's pledge to hold an in out referendum in the u.k. certainly shook up things of the davos meeting the u.k. prime minister said the british will quote have their say on europe if indeed his conservative party wins the next election but as artie's and your farm reports the uncertainty over britain's e.u. membership is being criticized at home and abroad
draghi he said the spending cuts are necessary austerity is the way forward and german chancellor angela merkel she agreed with him she reiterated that point and this really comes the same way that we've had process ongoing in greece we've had a backlash in germany as well as spain's unemployment for the youth coming out at sixty percent we also have the prayers from the arab world they came together valiant to improve the future for the people in the region but no clear strategy on on how to...
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168
Jan 7, 2013
01/13
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CNBC
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in the fall of 2011 when mario draghi instituted the operation, that's the point we see markets really start to rally. by doing that he took the chance of a banking collapse off the table. that's why earnings have not fallen off a cliff. the rates of the estimate cuts have been getting less severe. majority of companies are guiding but a lesser rate. that's a positive delta. that's bullish for the market. >> got to love mario and ben, i think. thank you very much. we'll see you soon, guys. appreciate that. >>> looking for an investment option that won't hit you with a tax sticker shock? coming up our bonds expert tells us why muni bonds -- get the notebook out because he'll explain. >>> then life in the fast lane. some ponying up 1.6 million bucks to own a new car that habit even passed u.s. safety tests yet. our wealth editor robert frank takes one for a careful spin. stay with us. ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. [ male announcer ] how could a luminous protein in
in the fall of 2011 when mario draghi instituted the operation, that's the point we see markets really start to rally. by doing that he took the chance of a banking collapse off the table. that's why earnings have not fallen off a cliff. the rates of the estimate cuts have been getting less severe. majority of companies are guiding but a lesser rate. that's a positive delta. that's bullish for the market. >> got to love mario and ben, i think. thank you very much. we'll see you soon,...